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Delek US Holdings

NYSE:DK
Snowflake Description

Solid track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DK
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The last earnings update was 18 days ago. More info.


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DK Share Price and Events
7 Day Returns
-6.1%
NYSE:DK
-3.6%
US Oil and Gas
-1.4%
US Market
1 Year Returns
-34.3%
NYSE:DK
-16.1%
US Oil and Gas
1.6%
US Market
DK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Delek US Holdings (DK) -6.1% -9.9% -8% -34.3% 153.1% 10.6%
US Oil and Gas -3.6% -8.4% -5.9% -16.1% -5.8% -35.9%
US Market -1.4% -3.9% 0.1% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • DK underperformed the Oil and Gas industry which returned -16.1% over the past year.
  • DK underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
DK
Industry
5yr Volatility vs Market

DK Value

 Is Delek US Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Delek US Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Delek US Holdings.

NYSE:DK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:DK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.889 (1 + (1- 21%) (74.89%))
1.278
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.278 * 5.96%)
10.35%

Discounted Cash Flow Calculation for NYSE:DK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Delek US Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:DK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.35%)
2019 233.70 Analyst x5 211.79
2020 297.98 Analyst x5 244.72
2021 279.50 Analyst x2 208.02
2022 269.26 Est @ -3.66% 181.61
2023 264.56 Est @ -1.75% 161.70
2024 263.49 Est @ -0.4% 145.95
2025 264.91 Est @ 0.54% 132.98
2026 268.07 Est @ 1.19% 121.95
2027 272.51 Est @ 1.66% 112.34
2028 277.90 Est @ 1.98% 103.82
Present value of next 10 years cash flows $1,624.87
NYSE:DK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $277.90 × (1 + 2.73%) ÷ (10.35% – 2.73%)
$3,748.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,748.05 ÷ (1 + 10.35%)10
$1,400.25
NYSE:DK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,624.87 + $1,400.25
$3,025.11
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,025.11 / 76.86
$39.36
NYSE:DK Discount to Share Price
Calculation Result
Value per share (USD) From above. $39.36
Current discount Discount to share price of $34.20
= -1 x ($34.20 - $39.36) / $39.36
13.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Delek US Holdings is available for.
Intrinsic value
13%
Share price is $34.2 vs Future cash flow value of $39.36
Current Discount Checks
For Delek US Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Delek US Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Delek US Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Delek US Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Delek US Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:DK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $6.49
NYSE:DK Share Price ** NYSE (2019-05-24) in USD $34.2
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 12.78x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 17.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Delek US Holdings.

NYSE:DK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:DK Share Price ÷ EPS (both in USD)

= 34.2 ÷ 6.49

5.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Delek US Holdings is good value based on earnings compared to the US Oil and Gas industry average.
  • Delek US Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Delek US Holdings's expected growth come at a high price?
Raw Data
NYSE:DK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
-20.9%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.47x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

NYSE:DK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.27x ÷ -20.9%

-0.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Delek US Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Delek US Holdings's assets?
Raw Data
NYSE:DK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $22.42
NYSE:DK Share Price * NYSE (2019-05-24) in USD $34.2
United States of America Oil and Gas Industry PB Ratio Median Figure of 195 Publicly-Listed Oil and Gas Companies 1.12x
United States of America Market PB Ratio Median Figure of 5,208 Publicly-Listed Companies 1.8x
NYSE:DK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:DK Share Price ÷ Book Value per Share (both in USD)

= 34.2 ÷ 22.42

1.53x

* Primary Listing of Delek US Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Delek US Holdings is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Delek US Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Delek US Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DK Future Performance

 How is Delek US Holdings expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-20.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Delek US Holdings expected to grow at an attractive rate?
  • Delek US Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Delek US Holdings's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Delek US Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:DK Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:DK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts -20.9%
NYSE:DK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 0.5%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:DK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:DK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 9,789 538 293 4
2020-12-31 10,461 598 305 5
2019-12-31 9,681 560 380 5
NYSE:DK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 10,080 884 530
2018-12-31 10,233 560 349
2018-09-30 9,896 449 440
2018-06-30 9,771 230 369
2018-03-31 8,438 176 251
2017-12-31 7,267 320 295
2017-09-30 5,868 219 45
2017-06-30 4,577 65 -231
2017-03-31 4,494 149 -202
2016-12-31 4,198 248 -240
2016-09-30 4,236 110 -235
2016-06-30 4,450 263 -57

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Delek US Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Delek US Holdings's revenue is expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:DK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Delek US Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.82 5.52 1.93 3.00
2020-12-31 4.21 4.69 2.96 7.00
2019-12-31 4.90 5.39 4.51 7.00
NYSE:DK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 6.49
2018-12-31 4.21
2018-09-30 5.31
2018-06-30 4.49
2018-03-31 3.28
2017-12-31 4.12
2017-09-30 0.68
2017-06-30 -3.73
2017-03-31 -3.26
2016-12-31 -3.88
2016-09-30 -3.80
2016-06-30 -0.92

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Delek US Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Delek US Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Delek US Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DK Past Performance

  How has Delek US Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Delek US Holdings's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Delek US Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Delek US Holdings's 1-year earnings growth exceeds its 5-year average (111% vs 27.1%)
  • Delek US Holdings's earnings growth has exceeded the US Oil and Gas industry average in the past year (111% vs 31.8%).
Earnings and Revenue History
Delek US Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Delek US Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 10,079.80 530.30 344.80
2018-12-31 10,233.10 348.80 342.20
2018-09-30 9,895.60 439.90 456.00
2018-06-30 9,771.00 369.10 314.50
2018-03-31 8,438.10 251.30 195.50
2017-12-31 7,267.10 294.70 198.40
2017-09-30 5,868.00 45.20 208.50
2017-06-30 4,577.30 -231.00 350.30
2017-03-31 4,494.00 -202.00 342.10
2016-12-31 4,197.90 -240.00 105.40
2016-09-30 4,236.30 -235.30 359.60
2016-06-30 4,449.90 -57.20 372.70
2016-03-31 4,517.50 2.10 351.40
2015-12-31 4,782.00 12.80 377.50
2015-09-30 5,420.70 82.20 416.20
2015-06-30 6,449.40 144.30 454.10
2015-03-31 7,609.20 148.80 526.20
2014-12-31 7,019.20 197.90 363.90
2014-09-30 8,500.30 156.40 527.00
2014-06-30 8,499.90 82.20 506.20
2014-03-31 8,312.60 73.90 497.40
2013-12-31 8,706.80 117.70 498.60
2013-09-30 8,953.60 186.70 495.60
2013-06-30 8,869.40 282.90 495.30
2013-03-31 8,816.20 304.10 486.70
2012-12-31 8,726.70 272.80 463.00
2012-09-30 8,543.20 202.50 438.70
2012-06-30 8,510.60 193.30 436.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Delek US Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Delek US Holdings used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Delek US Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Delek US Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Delek US Holdings has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DK Health

 How is Delek US Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Delek US Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Delek US Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Delek US Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Delek US Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Delek US Holdings Company Filings, last reported 1 month ago.

NYSE:DK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,898.50 1,968.50 989.70
2018-12-31 1,808.10 1,783.30 1,079.30
2018-09-30 1,897.10 1,862.00 1,109.10
2018-06-30 1,779.30 2,042.50 1,132.80
2018-03-31 1,794.30 1,960.20 1,018.00
2017-12-31 1,964.20 1,538.80 931.80
2017-09-30 1,783.60 1,558.10 831.70
2017-06-30 1,151.40 822.50 572.30
2017-03-31 1,182.40 824.90 591.40
2016-12-31 1,182.50 838.90 689.20
2016-09-30 1,147.30 878.10 315.30
2016-06-30 1,314.80 991.80 377.10
2016-03-31 1,316.20 1,004.50 349.90
2015-12-31 1,353.90 805.20 287.20
2015-09-30 1,419.70 953.70 366.30
2015-06-30 1,451.90 972.00 378.40
2015-03-31 1,161.20 674.60 376.40
2014-12-31 1,198.40 587.30 444.10
2014-09-30 1,229.40 595.60 497.70
2014-06-30 1,198.70 616.20 560.10
2014-03-31 1,157.00 492.50 392.90
2013-12-31 1,120.40 413.10 400.00
2013-09-30 1,140.80 372.30 428.20
2013-06-30 1,148.90 297.70 450.10
2013-03-31 1,111.80 355.00 592.90
2012-12-31 1,078.00 366.90 601.70
2012-09-30 852.40 377.80 317.80
2012-06-30 757.00 427.80 321.10
  • Delek US Holdings's level of debt (103.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (42.7% vs 103.7% today).
  • Debt is well covered by operating cash flow (44.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7x coverage).
X
Financial health checks
We assess Delek US Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Delek US Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DK Dividends

 What is Delek US Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.27%
Current annual income from Delek US Holdings dividends. Estimated to be 3.32% next year.
If you bought $2,000 of Delek US Holdings shares you are expected to receive $65 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Delek US Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Delek US Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:DK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 66 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:DK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.22 6.00
2020-12-31 1.13 12.00
2019-12-31 1.10 10.00
NYSE:DK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-06 1.120 3.086
2019-03-01 1.080 2.952
2019-02-20 1.080 2.955
2018-11-07 1.040 2.998
2018-08-07 1.000 2.279
2018-05-10 1.000 1.950
2018-05-08 1.000 2.036
2018-03-01 0.800 1.923
2018-02-27 0.800 2.295
2017-11-09 0.600 1.798
2017-05-08 0.600 2.358
2017-02-27 0.600 2.511
2016-10-31 0.600 2.798
2016-05-05 0.600 4.069
2015-11-10 0.600 3.388
2015-08-03 0.700 2.395
2015-05-07 0.900 2.424
2015-05-05 0.900 2.485
2014-11-05 1.000 3.085
2014-09-23 1.000 3.125
2014-05-07 1.000 3.206
2013-11-07 1.000 3.339
2013-08-07 1.000 4.135
2013-05-08 1.000 3.177
2013-02-06 0.800 2.125
2012-11-08 0.790 2.873
2012-06-26 0.440 1.914
2012-03-26 0.340 2.135
2012-02-02 0.240 1.746
2011-11-01 0.150 1.248
2011-08-02 0.150 1.105
2011-05-03 0.150 1.005
2011-02-08 0.150 1.236
2010-11-02 0.150 2.008
2010-08-03 0.150 2.141
2010-05-04 0.150 2.131
2010-02-11 0.150 2.032
2009-11-04 0.150 2.190
2009-08-05 0.150 1.881

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Delek US Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.6x coverage).
X
Income/ dividend checks
We assess Delek US Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Delek US Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Delek US Holdings has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DK Management

 What is the CEO of Delek US Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ezra Yemin
COMPENSATION $2,993,947
AGE 50
TENURE AS CEO 14.9 years
CEO Bio

Mr. Ezra Uzi Yemin has been President of Alon USA Partners GP, LLC the General Partner of Alon USA Partners, LP since July 27, 2017 and has been its Director since February 7, 2018. Mr. Yemin serves as the Managing Director Delek Hungary Holding Limited Liability Company. Mr. Yemin has been Chairman of Delek US Holdings, Inc. since December 19, 2012 and has been its Chief Executive Officer since June 2004 and President since April 2001. He has been the Chairman and Chief Executive Officer of Delek Logistics GP, LLC, the General Partner of Delek Logistics Partners, LP since April 2012 and served as its President. He served as the President of Delek Pipeline Texas, Inc. and Delek Refining Inc. Mr. Yemin served as a Treasurer at Delek US Holdings, Inc. from April 2001 to November 2003 and its Secretary from May 2001 to August 2005. He served as the Chief Financial Officer of Delek - The Israel Fuel Corporation, Ltd. from 2000 to 2001. He served as Chairman of the Board at Alon USA Energy, Inc. since May 14, 2015. He served as a Director of The Monroe Carell Jr. Children's Hospital at Vanderbilt. He has been a Director of Delek US Holdings, Inc. since April 2001. He has been a Director of Delek Logistics GP LLC since April 2012. He serves as Trustee of Adventure Science Center. He served as a Director of Nashville Area Chamber Of Commerce. He served as an Independent Director at Alon USA Energy, Inc. since May 14, 2015. Mr. Yemin holds Diploma in MBA in Accounting and LLB from Jerusalem Hebrew University.

CEO Compensation
  • Ezra's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ezra's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Delek US Holdings management team in years:

3.8
Average Tenure
47
Average Age
  • The tenure for the Delek US Holdings management team is about average.
Management Team

Ezra Yemin

TITLE
Chairman
COMPENSATION
$3M
AGE
50
TENURE
14.9 yrs

Assi Ginzburg

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
43
TENURE
0.2 yrs

Fred Green

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
53
TENURE
2.5 yrs

Avigal Soreq

TITLE
Executive VP & Chief Commercial Officer
COMPENSATION
$2M
AGE
40
TENURE
3.8 yrs

Danny Norris

TITLE
Chief Accounting Officer

Keith Johnson

TITLE
Vice President of Investor Relations

Regina Jones

TITLE
Executive VP
AGE
47
TENURE
1 yrs

Michael Ralsky

TITLE
Vice President of Government Affairs

Dan Gordon

TITLE
Executive Vice President
AGE
40
TENURE
4.8 yrs

Tony Miller

TITLE
Executive Vice President of Retail
COMPENSATION
$1M
AGE
55
TENURE
9.7 yrs
Board of Directors Tenure

Average tenure and age of the Delek US Holdings board of directors in years:

3.8
Average Tenure
67
Average Age
  • The tenure for the Delek US Holdings board of directors is about average.
Board of Directors

Carlos Jordá

TITLE
Independent Director
COMPENSATION
$242K
AGE
68
TENURE
13 yrs

Ezra Yemin

TITLE
Chairman
COMPENSATION
$3M
AGE
50
TENURE
6.4 yrs

Shlomo Zohar

TITLE
Independent Director
COMPENSATION
$239K
AGE
67
TENURE
9 yrs

Bill Finnerty

TITLE
Lead Independent Director
COMPENSATION
$252K
AGE
69
TENURE
3.5 yrs

Gary Sullivan

TITLE
Independent Director
COMPENSATION
$235K
AGE
72
TENURE
3.8 yrs

Dudi Wiessman

TITLE
Director
COMPENSATION
$331K
AGE
63
TENURE
1.8 yrs

Vicky Sutil

TITLE
Independent Director
AGE
53
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. Nov 18 Sell Avigal Soreq Individual 29. Nov 18 29. Nov 18 -1,500 $40.21 $-60,309
29. Aug 18 Sell David Wiessman Individual 27. Aug 18 27. Aug 18 -60,000 $54.36 $-3,246,045
20. Jun 18 Sell Avigal Soreq Individual 15. Jun 18 15. Jun 18 -1,654 $51.46 $-85,107
14. Jun 18 Sell Mark Page Individual 14. Jun 18 14. Jun 18 -2,000 $53.56 $-107,120
14. Jun 18 Sell Kevin Kremke Individual 12. Jun 18 12. Jun 18 -950 $53.70 $-51,012
14. Jun 18 Sell Anthony Miller Individual 12. Jun 18 12. Jun 18 -1,203 $54.04 $-65,014
13. Jun 18 Sell Gary Sullivan Individual 11. Jun 18 11. Jun 18 -5,000 $55.46 $-277,300
12. Jun 18 Sell Kevin Kremke Individual 11. Jun 18 11. Jun 18 -2,650 $55.79 $-147,844
12. Jun 18 Sell Shlomo Zohar Individual 11. Jun 18 11. Jun 18 -40,000 $55.79 $-2,231,600
31. May 18 Sell David Wiessman Individual 29. May 18 29. May 18 -150,000 $53.36 $-8,004,000
X
Management checks
We assess Delek US Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Delek US Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DK News

Simply Wall St News

Can Delek US Holdings Inc (NYSE:DK) Maintain Its Strong Returns?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Delek US Holdings Inc (NYSE:DK). … Delek US Holdings has a ROE of 26%, based on the last twelve months. … Check out our latest analysis for Delek US Holdings?

Simply Wall St -

Delek US Holdings Inc (NYSE:DK): Ex-Dividend Is In 2 Days, Should You Buy?

Important news for shareholders and potential investors in Delek US Holdings Inc (NYSE:DK): The dividend payment of US$0.25 per share will be distributed into shareholder on 04 September 2018, and the stock will begin trading ex-dividend at an earlier date, 20 August 2018. … What does this mean for current shareholders and potential investors? … Below, I will explain how holding Delek US Holdings can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes.

Simply Wall St -

Why I Like Delek US Holdings Inc (NYSE:DK)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Delek US Holdings Inc (NYSE:DK) due to its excellent fundamentals in more than one area. … a excellent

Simply Wall St -

Does Delek US Holdings Inc's (NYSE:DK) July Stock Price Reflect Its Future Growth?

Delek US Holdings Inc (NYSE:DK) closed yesterday at $47.39, which left some investors asking whether the high earnings potential can still be justified at this price. … Check out our latest analysis for Delek US Holdings? … Delek US Holdings is poised for extremely high earnings growth in the near future

Simply Wall St -

What Investors Should Know About Delek US Holdings Inc's (NYSE:DK) Financial Strength

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Delek US Holdings Inc (NYSE:DK), with a market cap of US$4.20b, are often out of the spotlight. … This article will examine DK’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.

Simply Wall St -

Delek US Holdings Inc (NYSE:DK) Delivered A Better ROE Than The Industry, Here’s Why

and want a simplistic look at the return on Delek US Holdings Inc (NYSE:DK) stock. … Delek US Holdings Inc (NYSE:DK) delivered an ROE of 16.80% over the past 12 months, which is an impressive feat relative to its industry average of 11.31% during the same period. … However, whether this above-industry ROE is actually impressive depends on if it can be maintained.

Simply Wall St -

Should Income Investors Buy Delek US Holdings Inc (NYSE:DK) Before Its Ex-Dividend?

View our latest analysis for Delek US Holdings 5 questions to ask before buying a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is it the top 25% annual dividend yield payer? … Relative to peers, Delek US Holdings generates a yield of 2.06%, which is on the low-side for Oil and Gas stocks. … Next Steps: Considering the dividend attributes we analyzed above, Delek US Holdings is definitely worth keeping an eye on for someone looking to build a dedicated income portfolio.

Simply Wall St -

Should You Buy Delek US Holdings Inc (NYSE:DK) At This PE Ratio?

By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for DK Price per share = $49.4 Earnings per share = $4.118 ∴ Price-Earnings Ratio = $49.4 ÷ $4.118 = 12x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … Ideally, we want to compare the stock’s P/E ratio to the average of companies that have similar characteristics as DK, such as size and country of operation.

Simply Wall St -

How Does Delek US Holdings Inc (NYSE:DK) Fare As A Dividend Stock?

Delek US Holdings Inc (NYSE:DK) has returned to shareholders over the past 10 years, an average dividend yield of 2.00% annually. … View our latest analysis for Delek US Holdings 5 questions to ask before buying a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it paying an annual yield above 75% of dividend payers? … In terms of its peers, Delek US Holdings produces a yield of 1.97%, which is on the low-side for Oil and Gas stocks.Next Steps: Taking into account the dividend metrics, Delek US Holdings ticks most of the boxes as a strong dividend investment, putting it in my list of top dividend payers.

Simply Wall St -

Delek US Holdings Inc (NYSE:DK): Dividend Is Coming In 3 Days, Should You Buy?

See our latest analysis for Delek US Holdings 5 questions I ask before picking a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is their annual yield among the top 25% of dividend payers? … NYSE:DK Historical Dividend Yield Mar 5th 18 How well does Delek US Holdings fit our criteria? … Next Steps: Taking into account the dividend metrics, Delek US Holdings ticks most of the boxes as a strong dividend investment, putting it in my list of top dividend payers.

Simply Wall St -

DK Company Info

Description

Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company’s Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals. This segment owns and operates four independent refineries located in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana. This segment also owns and operates two biodiesel facilities in Crossett, Arkansas, and Cleburne, Texas; and a crude oil refinery. Its Logistics segment gathers, transports, and stores crude oil, intermediate, and refined products; and markets, distributes, transports, and stores refined products for third parties. This segment owns or leases capacity on approximately 400 miles of crude oil transportation pipelines, approximately 450 miles of refined product pipelines, an approximately 600-mile crude oil gathering system, and associated crude oil storage tanks with an aggregate of approximately 9.6 million barrels of active shell capacity; and owns and operates nine light product terminals, as well as markets light products using third-party terminals. The company’s Retail segment owns and leases 279 convenience store sites located primarily in Texas and New Mexico. This segment’s convenience stores offer various grades of gasoline and diesel under the Alon brand name; and food products and service, tobacco products, beverages, and general merchandise, as well as money orders to the public under the 7-Eleven and Alon brand names. The company serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, independent retail fuel operators, and the U.S. government. Delek US Holdings, Inc. was founded in 2001 and is headquartered in Brentwood, Tennessee.

Details
Name: Delek US Holdings, Inc.
DK
Exchange: NYSE
Founded: 2001
$2,628,458,202
76,855,503
Website: http://www.delekus.com
Address: Delek US Holdings, Inc.
7102 Commerce Way,
Brentwood,
Tennessee, 37027,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE DK Common Stock New York Stock Exchange US USD 04. May 2006
DB DEH Common Stock Deutsche Boerse AG DE EUR 04. May 2006
Number of employees
Current staff
Staff numbers
3,717
Delek US Holdings employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/27 00:02
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/23
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.